Registered my e-commerce business in 2024 but haven't filed yet. Need advice
Hi everyone, I'm hoping to get some advice because I'm finally trying to fix my BIR compliance.
I registered my e-commerce business back in August 2024, but unfortunately I haven't filed my tax returns since then. I also haven't retrieved my invoice booklet from the accredited printer.
The business is started relatively small but now gaining traction. I'm now planning to go to my RDO and start fixing everything rather than letting it get any further but still a bit nervous.
I'm just not sure what the proper order is. I'm also considering whether I should handle this myself or get an accountant/consultancy to help with the catch-up filings.
I'm mainly worried about the possible penalties since it's already been quite some time. I also want to start using proper invoices going forward.
My questions are:
Can I request a new ATP and invoice booklet first even though I still have missed filings from 2024 onwards?
Do I need to pay the penalties immediately once BIR computes them, or is there any option to pay in installments?
Is it realistic that the penalties alone could be below ₱10k, or am I likely looking at a much bigger amount?
Would it be better to DIY the catch-up filings or hire an accountant/consultancy?
Would really appreciate some advises.